Recently asked questions relating to Winton Lease Extensions

  • My wife has an apartment located in Winton which we are about to put on the market. The leasehold has slightly more than 64 years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I'm planning to make an offer on a house in Winton but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Birmingham Midshires giving us the mortgage now?
  • I am about to put an offer in on a one bedroom apartment in Winton with a lease of 77 years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I need to talk to you about a leasehold property in Winton, I am thinking of buying at auction next month. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to purchase in Winton and I'm not really familiar with the leasehold title. I've identified a ground floor flat I like with a 82 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Is this a given?
  • I will soon view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety five years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • We are proceeding with buying a two bedroom ground floor purpose built flat in Winton. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety years remaining prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no funds to extend and consequently the current owner intends to exchange and use the 10% deposit for the lease extension. My question is is it not odd that my conveyancers failed to pick this up far earlier than just before exchange?
  • I am in need of a lease extension for my flat in Winton and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am looking to buy a one bed flat in Winton for asking price of 156k, which has 54 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm intent on purchasing an apartment in Winton valued at £195,000 the flat has just under seventy years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in September, hoping I'd have completed before Christmas. They have just informed me that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
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    Lease Extensions in Winton

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